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South Dakota farmers face challenges from low commodity prices and high input costs.

A new soybean processing plant in Mitchell aims to mitigate export dependence and add value to South Dakota soybeans.

The plant will focus on meeting the growing demand for biofuels.

MITCHELL, S.D. — U.S. Senate Majority Leader John Thune was blunt in his opening remarks during a Dakotafest policy discussion on Wednesday about the state of agriculture.

While South Dakota farmers in parts of the state can expect bumper yields due to good weather this season, he said, “commodity prices are in the tank.”

“Input costs are at an all-time high, and the margin for farmers across South Dakota is upside down,” added Thune, a Republican.

Increasing demand for agricultural products through

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